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	<title>Stock Blog Hub &#187; PetroChina Company Ltd.</title>
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		<title>(PTR) PetroChina Begins Operations at New Refinery</title>
		<link>http://www.stockbloghub.com/2009/09/23/ptr-petrochina-begins-operations-at-new-refinery/15878</link>
		<comments>http://www.stockbloghub.com/2009/09/23/ptr-petrochina-begins-operations-at-new-refinery/15878#comments</comments>
		<pubDate>Wed, 23 Sep 2009 20:12:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15878</guid>
		<description><![CDATA[China’s largest integrated oil company, PetroChina Company Ltd. (PTR), has started operations at the $4 billion Dushanzi refining and chemical complex in the Xinjiang province. The complex consists of a refinery and an ethylene plant, with a capacity of 10 million ton and 1 million ton a year, respectively. The refinery, which processes high-sulfur crude oil, will increase the company’s total refining capacity of 2.58 million barrels per day (as of 2008). The company estimates that the project may generate approximately $8.8 billion in annual revenue. Most of PetroChina’s crude oil and natural gas reserves and production-related assets are located in northeastern, northern, southwestern and northwestern China. With the start of this refinery complex, the company is able to import and refine crude oil in the west part of the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/23/ptr-petrochina-begins-operations-at-new-refinery/15878/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PTR) PetroChina Focused on Doubling Gas Supplies</title>
		<link>http://www.stockbloghub.com/2009/09/18/ptr-petrochina-focused-on-doubling-gas-supplies/15563</link>
		<comments>http://www.stockbloghub.com/2009/09/18/ptr-petrochina-focused-on-doubling-gas-supplies/15563#comments</comments>
		<pubDate>Fri, 18 Sep 2009 17:09:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15563</guid>
		<description><![CDATA[On increasing demand, PetroChina (PTR) plans to increase the quantum of gas supply to Beijing. The company wants to double the gas supply in the pipeline to 12 billion cubic meters (Bcm) from the estimated current years’ figure of 6 Bcm. Beijing is China’s third largest province in natural gas consumption ( it consumed about 5.6 Bcm of gas last year). There are still a few potential suburban areas in Beijing that lack access to piped natural gas. As more than 80% of China&#8217;s natural gas is produced by the company, which runs most of the country&#8217;s gas pipeline networks, it wants to capitalize this favorable supply opportunity. In line with China’s efforts to increase clean energy usage to prevent air pollution, gas consumption in the Chinese capital has been ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/18/ptr-petrochina-focused-on-doubling-gas-supplies/15563/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SNP) Sinopec&#8217;s New Pipeline Operational</title>
		<link>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173</link>
		<comments>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173#comments</comments>
		<pubDate>Tue, 15 Sep 2009 17:26:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15173</guid>
		<description><![CDATA[China’s largest refiner and marketer of refined petroleum products – China Petroleum and Chemical Corp. (SNP), also known as Sinopec – recently announced that it has started the operation of a pipeline in southwestern China. It is a 323-kilometer oil products pipeline, which will ease local oil products supplies and also strengthen Sinopec&#8217;s presence in the region. The pipeline has a designated capacity to transport 2.9 million tons of oil a year and is expected to reduce the company’s costs in supplying fuel in the region. It runs within the Yunnan province, from Kunming (the capital city of the province) to Dali city. The Yunnan province has traditionally been in Sinopec’s radar. While we view this operational achievement as a positive for the company, we are also concerned about the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/15/snp-sinopecs-new-pipeline-operational/15173/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(CVX) Chevron Gives Gorgon Liquefied Natural Gas Approval</title>
		<link>http://www.stockbloghub.com/2009/09/14/cvx-chevron-gives-gorgon-liquefied-natural-gas-approval/15140</link>
		<comments>http://www.stockbloghub.com/2009/09/14/cvx-chevron-gives-gorgon-liquefied-natural-gas-approval/15140#comments</comments>
		<pubDate>Mon, 14 Sep 2009 21:04:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corp.]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc Class A]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15140</guid>
		<description><![CDATA[Yesterday, U.S. oil major Chevron Corp. (CVX) and its partners announced the final investment decision on the massive Gorgon liquefied natural gas (LNG) venture in Australia following the receipt of the necessary government approvals. The company said that its Australian subsidiary will proceed with the construction of the project later this year. Chevron holds a 50% operated interest in the A$43 billion ($37 billion) project, with the other partners being ExxonMobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA). The Gorgon gas fields, off the coast of Western Australia, are estimated to contain 40 trillion cubic feet of gas deposits and have an expected economic life of at least 40 years from the time of start-up. Chevron said that the venture will have an annual capacity to produce 15 million ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/14/cvx-chevron-gives-gorgon-liquefied-natural-gas-approval/15140/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>($CVX) Chevron Corporation Signs Massive Liquefied Natural Gas Deals</title>
		<link>http://www.stockbloghub.com/2009/09/10/cvx-chevron-corporation-signs-massive-lng-deals/14909</link>
		<comments>http://www.stockbloghub.com/2009/09/10/cvx-chevron-corporation-signs-massive-lng-deals/14909#comments</comments>
		<pubDate>Fri, 11 Sep 2009 01:51:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corp.]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14909</guid>
		<description><![CDATA[Earlier today, Chevron Corp. (CVX) &#8212; the second-biggest U.S. energy company &#8212; entered into multiple deals to sell nearly 3 million tons of liquefied natural gas (LNG) per annum from its Gorgon venture in Australia. The company said that its Australian subsidiaries have signed three binding long-term Sales and Purchase Agreements to supply LNG to Japan and South Korea. As per the first contract, Chevron would provide 1.375 million tons of LNG a year to Japan’s Osaka Gas, while the second deal calls for the company to supply 1.1 million tons per annum to Tokyo Gas. Both the contracts span over a period of 25 years. The final agreement will see 0.5 million tons being exported to South Korea&#8217;s GS Caltex (50% owned by Chevron) for up to 20 years. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/10/cvx-chevron-corporation-signs-massive-lng-deals/14909/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PTR) China’s Energy Acquisition: Three Ways To Invest In China</title>
		<link>http://www.stockbloghub.com/2009/09/03/ptr-china%e2%80%99s-energy-acquisition-three-ways-to-invest-in-china/14387</link>
		<comments>http://www.stockbloghub.com/2009/09/03/ptr-china%e2%80%99s-energy-acquisition-three-ways-to-invest-in-china/14387#comments</comments>
		<pubDate>Thu, 03 Sep 2009 23:44:24 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[Exxon Mobil Corp.]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14387</guid>
		<description><![CDATA[by David Fessler, Advisory Panelist Every country needs a few basic ingredients in order to achieve healthy, sustained economic growth. Reliable sources of energy. A modern, efficient infrastructure, consisting of a good road and rail system, reliable power grids and high-speed digital communications networks. And if a country wants to be considered a “global economic powerhouse,” it’s nearly impossible for it to do so without these critical building blocks. So it’s not too surprising that China is spending unprecedented amounts of money to beef up its infrastructure. It’s also spending huge amounts of money on long-term oil and gas contracts. And with nearly $2 trillion on hand, it’s the perfect time for China to go on an energy acquisition spree. Right now, it’s spending like a thirsty sailor on shore ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/03/ptr-china%e2%80%99s-energy-acquisition-three-ways-to-invest-in-china/14387/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(PTR) PetroChina Joins with Huaneng Power on Natural Gas Power Generation</title>
		<link>http://www.stockbloghub.com/2009/09/03/ptr-petrochina-joins-with-huaneng-power-on-natural-gas-power-generation/14340</link>
		<comments>http://www.stockbloghub.com/2009/09/03/ptr-petrochina-joins-with-huaneng-power-on-natural-gas-power-generation/14340#comments</comments>
		<pubDate>Thu, 03 Sep 2009 20:58:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14340</guid>
		<description><![CDATA[The world&#8217;s second largest oil and gas producer by market value, PetroChina Co. Ltd. (PTR), inked an agreement with China&#8217;s top power firm Huaneng Power International to join forces on natural gas power generation projects. The agreement will increase the proportion of natural gas usage in Chinese power generation activity and promote clean energy in the country. China is planning to gradually increase natural gas usage for power generation. This is to mitigate pollution problems from its coal-fired power plants. At present, two-thirds of China&#8217;s electricity comes from coal-fired power plant sources that generate tremendous amounts of greenhouse gases and lead to air pollution. Natural gas is expected to be a key growth area for PetroChina. In 2008, natural gas production increased by more than 14% year-over-year. In addition to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/03/ptr-petrochina-joins-with-huaneng-power-on-natural-gas-power-generation/14340/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($SNP) China Boosts Gas and Diesel Prices</title>
		<link>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276</link>
		<comments>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276#comments</comments>
		<pubDate>Thu, 03 Sep 2009 01:23:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14276</guid>
		<description><![CDATA[The National Development and Reform Commission of China said that the government will increase both gasoline and diesel prices, effective today. Both the prices will increase by 300 yuan ($43.98) a metric ton, representing approximately 4%–5% over current average gasoline and diesel retail ceiling benchmarks of yuan 7,310 ($1,072) and yuan 6,570 ($963) a ton. This is the sixth fuel price adjustment made this year after the government brought the new fuel pricing system which links domestic rates with the international crude oil price changes. The Chinese government’s initiative to raise the ceiling on refined product prices is a welcome development for refiners. Refiners in China had been witnessing a weakness in refining margins due to an increase in crude prices and the government’s conservative role in refined product (particularly ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/02/snp-china-boosts-gas-and-diesel-prices/14276/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PTR) PetroChina Grabs Majority Stake in Two Canadian Oil Sands Projects</title>
		<link>http://www.stockbloghub.com/2009/09/01/ptr-petrochina-grabs-majority-stake-in-two-canadian-oil-sands-projects/14099</link>
		<comments>http://www.stockbloghub.com/2009/09/01/ptr-petrochina-grabs-majority-stake-in-two-canadian-oil-sands-projects/14099#comments</comments>
		<pubDate>Tue, 01 Sep 2009 21:14:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14099</guid>
		<description><![CDATA[Yesterday, PetroChina Company Ltd. (PTR), the largest integrated oil company in China, agreed to pay C$1.9 billion ($1.7 billion) to acquire a majority stake in two oil sands projects in western Canada. As per the terms of the agreement with Athabasca Oil Sands Corp. (a privately held Calgary-based group), the Chinese energy giant will purchase a 60% working interest in the Canadian company’s proposed MacKay River and the Dover ventures in northern Alberta. The deal, which awaits certain regulatory approvals, is currently the largest venture by China in Canadian oil sands. According to an independent third party evaluation, the oil sands that PetroChina plans to exploit are estimated to contain as many as five billion barrels of reserves, about half of Athabasca’s total recoverable resources. Peak production from the two ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/01/ptr-petrochina-grabs-majority-stake-in-two-canadian-oil-sands-projects/14099/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PTR) Top Chinese Equity Funds &#8211; Mutual Fund Commentary</title>
		<link>http://www.stockbloghub.com/2009/08/31/ptr-top-chinese-equity-funds-mutual-fund-commentary/13904</link>
		<comments>http://www.stockbloghub.com/2009/08/31/ptr-top-chinese-equity-funds-mutual-fund-commentary/13904#comments</comments>
		<pubDate>Mon, 31 Aug 2009 16:26:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Life Insurance Company Ltd.]]></category>
		<category><![CDATA[China Mobile Limited]]></category>
		<category><![CDATA[CHL]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[LFC]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13904</guid>
		<description><![CDATA[Today we are featuring top-performing “Chinese equity&#8221; mutual funds that invest most of their assets in equity securities of companies that trade in China or are related to the Chinese economy. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Chinese Equity Funds list. 3 Excellent Picks Dreyfus Greater China A (DPCAX) was incepted in May 1998 and seeks long-term capital appreciation. It may include invest in common stocks, preferred stocks and convertible securities Incorporatedluding those purchased in initial public offerings. It is non-diversified. The fund primarily invests in stocks of companies that are principally traded in China, Honk Kong or Taiwan, derive at least 50% of their revenues from Greater China, or have at least 50% of their assets in Greater China. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/31/ptr-top-chinese-equity-funds-mutual-fund-commentary/13904/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(PTR) PetroChina First Half Profit Sinks</title>
		<link>http://www.stockbloghub.com/2009/08/28/ptr-petrochina-first-half-profit-sinks/13799</link>
		<comments>http://www.stockbloghub.com/2009/08/28/ptr-petrochina-first-half-profit-sinks/13799#comments</comments>
		<pubDate>Fri, 28 Aug 2009 23:13:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13799</guid>
		<description><![CDATA[Earlier today, PetroChina Company Ltd. (PTR) reported results for the six months ended June 30, 2009. Net income for the period was 50.5 billion yuan ($7.4 billion), down more than 7% from 54.4 billion yuan ($7.7 billion) a year earlier. The downward revision in net income was due to lower volumes and crude prices. The average realized crude price in the first half was $42.46 per barrel, down 54.6% from $93.45 per barrel in the year-earlier period. Total production was 588 million barrels of oil equivalent, down nearly 1% from the earlier year. Crude oil production was 418 million barrels, down 4.8% year over year. Natural gas production was 1,021 billion cubic feet, up 10.6% year over year. The Exploration and Production segment generated profit from operations of 37.6 billion ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/28/ptr-petrochina-first-half-profit-sinks/13799/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(CVX) Australia OKs Chevron&#8217;s Liquefied Natural Gas Project</title>
		<link>http://www.stockbloghub.com/2009/08/27/cvx-australia-oks-chevrons-liquefied-natural-gas-project/13569</link>
		<comments>http://www.stockbloghub.com/2009/08/27/cvx-australia-oks-chevrons-liquefied-natural-gas-project/13569#comments</comments>
		<pubDate>Thu, 27 Aug 2009 19:49:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corp.]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13569</guid>
		<description><![CDATA[Chevron Corp. (CVX), the second-biggest U.S. energy company, gained approval from the Australian environment ministry to start its Gorgon liquefied natural gas (LNG) venture on the Barrow Island nature reserve. The decision is subject to conditions on managing and protecting local fauna, especially the endangered flatback turtle. Chevron holds a 50% operated interest in the $42 billion project, with the other partners being ExxonMobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA). The government approval to Australia&#8217;s single largest natural resources project paves the way for a final investment decision by the Gorgon joint venture participants, once they get the nod for production licenses and construction plans. The Gorgon gas fields, off the coast of Western Australia, are estimated to contain 40 trillion cubic feet of gas deposits and have ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CEO) CNOOC Maintains its Outperform Rating</title>
		<link>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489</link>
		<comments>http://www.stockbloghub.com/2009/08/26/ceo-cnooc-maintains-its-outperform-rating/13489#comments</comments>
		<pubDate>Wed, 26 Aug 2009 20:59:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13489</guid>
		<description><![CDATA[Earlier today, CNOOC Ltd. (CEO) reported results for the six months ended June 30. Net income for the period was 12.4 billion yuan ($1.82 billion), down 55% from 27.54 billion yuan ($3.9 billion) a year earlier. The steep fall in net income was primarily due to significantly lower oil prices despite excellent production performance. The average realized oil and gas prices for the period were $49.35 per barrel and $3.90 per thousand cubic feet, respectively. During the first half, the company’s crude oil and natural gas production reached 87.3 million barrels and 106.3 billion cubic feet, respectively. Total net oil and gas production reached 105.8 million barrels-of-oil-equivalent (BOE), up 15.2% year over year. Net oil and gas production from overseas reached 15.0 million BOE, up 38.9% year over year. CEO’s ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(PTR) PetroChina to Begin Building a Natural Gas Plant in Inner Mongolia</title>
		<link>http://www.stockbloghub.com/2009/08/24/ptr-petrochina-to-begin-building-a-natural-gas-plant-in-inner-mongolia/13175</link>
		<comments>http://www.stockbloghub.com/2009/08/24/ptr-petrochina-to-begin-building-a-natural-gas-plant-in-inner-mongolia/13175#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:37:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13175</guid>
		<description><![CDATA[PetroChina Company Ltd. (PTR) has discovered solid gas flow at an onshore well in the east Sulige gas field, China. Daily output from this well is 610,000 cubic meters. Discovered in 2000, the Sulige field has a projected 534 billion cubic meters of natural gas. It is located in the Inner Mongolia Autonomous Region, one of the most resource-rich areas in China, which produced 3.75 billion cubic meters of natural gas in 2008. China National Petroleum Corporation, the parent of PetroChina, had received a grant from the Government to start building a natural gas plant in Inner Mongolia in 2009, which will process the production from this field. The new plant is expected to be online by the end of 2010. The new gas plant will be the fourth one ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(SNP) Mixed Bag for Chinese Oil Majors</title>
		<link>http://www.stockbloghub.com/2009/08/20/snp-mixed-bag-for-chinese-oil-majors/12932</link>
		<comments>http://www.stockbloghub.com/2009/08/20/snp-mixed-bag-for-chinese-oil-majors/12932#comments</comments>
		<pubDate>Thu, 20 Aug 2009 18:29:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[China Petroleum & Chemical Corporation]]></category>
		<category><![CDATA[PetroChina Company Ltd.]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[SNP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12932</guid>
		<description><![CDATA[Prominent Chinese refiners Sinopec (SNP) and PetroChina Company Ltd. (PTR) are set to release solid quarterly earnings on the back of an increase in fuel prices. China raised gasoline and diesel prices twice in June in order to track international crude prices. The increase in fuel prices gives refiners a guaranteed profit margin if crude price stays below $80 a barrel. Global demand is unlikely to push prices of crude above $80 a barrel this year, so the refiners&#8217; margins are assured. Refiners had been witnessing a weakness in margins due to an increase in crude prices and the government&#8217;s conservative role in the pricing of refined products, particularly gasoline and diesel. The government caps the prices of refined products to control inflation. These price regulations – which did not ]]></description>
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